Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

by admin February 23, 2025
February 23, 2025
IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday.

That volume would mark the best box office haul for the company, which specializes in high-resolution cameras, film formats, projectors and theaters.

“I think it’s going to be a very strong year,” Gelfond said in an interview with CNBC’s “Squawk on the Street.” “The first thing that drives that is the slate.”

Gelfond pointed to several blockbuster titles slated for release in the next 10 months, including a new “Mission Impossible,” a live-action “How to Train Your Dragon” film, another “Jurassic Park” installment, a sequel to “Zootopia” and a third “Avatar” release.

Hollywood production issues led to fewer theatrical releases and smaller ticket sales in 2024, with box office receipts down 3.4% from 2023 to $8.74 billion. Already, the 2025 slate appears more robust, with more titles and bigger franchise films.

Aiding IMAX’s lofty box office goals is the Chinese title “Ne Zha 2,” which has already garnered $1.6 billion globally. It is the first film to have topped $1 billion in a single country. Gelfond noted that IMAX accounted for $135 million of the film’s total box office.

“We’ve done more box office in China in the first six weeks of this year than we did the whole year last year,” he said.

He added that “Ne Zha 2” is doing “like $100 million a day,” and that IMAX has accounted for around 13% of the film’s box office receipts.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the distributor of “How to Train Your Dragon” and “Jurassic World Rebirth.”

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
This Is How I Crush The Benchmark S&P 500 In Any Market
next post
Editor’s Picks: Gold Price Passes US$2,950, Trump Promises Fort Knox Audit

Related Posts

Disney tops quarterly profit estimates, but starts to...

February 6, 2025

FTX exec who turned on Sam Bankman-Fried sentenced...

May 30, 2024

Starbucks imposes new limits on what baristas can...

April 28, 2025

American recession fears spark selloff in international markets...

August 6, 2024

Fed’s key inflation measure cooled slightly from a...

July 27, 2024

Vince McMahon settles with SEC over hush money...

January 11, 2025

Nvidia says Anthropic is telling ‘tall tale’ in...

May 2, 2025

Why competition in the housing market is cooling...

June 17, 2024

Tesla’s Cybertruck recalled for a fourth time over...

June 27, 2024

Home sale commissions are getting a shake-up this...

August 18, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Offense vs. Defense: How Geopolitical Tensions Shape Market Trends

      June 25, 2025
    • How to Use Fibonacci Retracements to Spot Key Levels

      June 25, 2025
    • Shifting Tides in the Stock Market: A New Era for Bulls?

      June 25, 2025
    • Experts gauge success of ‘bunker buster’ bombs dropped by US on Iran nuclear sites

      June 25, 2025
    • ‘I’m just a silly girl’: AOC fires back after Trump calls her ‘stupid’

      June 25, 2025

    Categories

    • Business (995)
    • Investing (2,462)
    • Politics (3,057)
    • Stocks (1,094)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved